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The U.S. will remain the world's biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation's economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report Friday. The country became the world's largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids. "The U.S. increase in supply is a very meaningful chunk of...

Related "International Energy" Articles

The U.S. will remain the world's biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation's economic recovery, Bank of America Corp. said.
U.S. production of crude oil, along with...

As the mortgage crisis continues to inundate the market with distressed properties, today's house hunter has no shortage of cheap, foreclosed homes to pick through. Despite all those deals in the previously-owned home market, consumers shouldn't...

With domestic oil and gas production on the rise, net U.S. energy imports plunged last year to its lowest level in two decades, according to the U.S. Energy Information Administration.
Advances in technologies such as hydraulic fracturing drove net...

Iraq could overtake Russia as the world’s second-largest oil supplier behind Saudi Arabia by the 2030s, nearly tripling its current output, according to a report from the International Energy Agency.In what the Paris-based group calls a “landmark...

This post has been corrected. See below for details.The U.S. will become the world’s top producer of oil within five years, a net exporter of the fuel around 2030 and nearly self-sufficient in energy by 2035, according to a new report from the...

For the first time since the summer of 2008, gasoline prices in Chicago have climbed over the $4 mark. The BP station at Lawrence Avenue and Marine Drive in Uptown is charging $4.09 for a gallon of regular this morning. $4.29 for premium. "It's...

NEW YORK - Gasoline futures rose yesterday amid expectations that today's weekly snapshot of U.S. inventory data will show gasoline supplies at near critical levels, largely because of a shortage of production in the Gulf Coast caused by Hurricane...

Baltimoresun.com's tax-advice column features three experts from the Hunt Valley accounting firm SC&H Group answering questions about preparing your return every Monday until April 17. To be included in the following weeks, please use the form at...